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Motorcycle Headlight Market Analysis with Highlights on the Impact of COVID-19, (2020-2024) | Huge Growth of Motorcycle Market in APAC to Boost Market Growth | Technavio

LONDON--(BUSINESS WIRE)--Aug 25, 2020--

The motorcycle headlight market is expected to grow by 11.84 million units during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth according to the latest market research report by Technavio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200825005616/en/

Technavio has announced its latest market research report titled Global Motorcycle Headlight Market 2020-2024 (Graphic: Business Wire)

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Factors such as growth in GDP and improving disposable incomes and employment rates have increased the demand for motorcycles in APAC. Also, a majority of the middle-class population in the region prefer motorcycles as their primary mode of transportation. Besides, the rising traffic congestion and bad road conditions in many APAC countries have increased the market for motorcycles. These factors are contributing to the growth of the global motorcycle headlight market.

To learn more about the global trends impacting the future of market research, download a free sample:https://www.technavio.com/talk-to-us?report=IRTNTR44647

As per Technavio, the increasing adoption of new headlight technologies in the automotive segment will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Motorcycle Headlight Market: Increasing Adoption of New Headlight Technologies in the Automotive Segment

The growing focus on vehicle safety and the increasing consumer demand for better lighting features are compelling automotive OEMs to introduce several innovative technologies in their offerings. For instance, BMW Motorrad borrowed OLED lighting technology from passenger cars to their motorcycles in 2017. The success of laser headlights technology in BMW luxury cars encouraged BMW Motorrad to adopt the technology in their motorcycles. The introduction of such innovative headlight technologies is positively influencing the growth of the global motorcycle headlight market.

“Growing popularity of adaptive headlights in motorcycle and the increasing adoption of touring motorcycles for long-distance travel will further boost market growth during the forecast period,” says a senior analyst at Technavio.

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Motorcycle Headlight Market: Segmentation Analysis

This market research report segments the motorcycle headlight market by Application (Halogen, LED, and Others) and Geography (APAC, North America, Europe, South America, and MEA).

The APAC region led the motorcycle headlight market in 2019, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to the introduction of an automatic headlamp on (AHO) mandate in motorcycles by the Government of India.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200825005616/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:[email protected]

Website:www.technavio.com/

KEYWORD: ASIA PACIFIC

INDUSTRY KEYWORD: TECHNOLOGY MOTORCYCLES TRANSPORTATION HEALTH AUTOMOTIVE MANUFACTURING TRAVEL MANUFACTURING AFTERMARKET AUTOMOTIVE CONSULTING PROFESSIONAL SERVICES OTHER TECHNOLOGY INFECTIOUS DISEASES PERFORMANCE & SPECIAL INTEREST

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 08/25/2020 07:00 PM/DISC: 08/25/2020 07:00 PM

http://www.businesswire.com/news/home/20200825005616/en

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